withoutmercy

withoutmercy

Resistant turn support

withoutmercy

After retracement and NZD shows weakness, it should be good time to buy

withoutmercy Updated 

The daily chart shows correction phase and on 4 HR it hits demand zone with some squeeze, as I look for high R&R , this is good opportunity to buy risking 30 pips for 120 pips

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The current level is important level on daily where we expect reaction. I will just put pending order below the last support as my short trigger.

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The longer term bias is up so we look for buy opportunity, it is nicely sitting at EMA so I buy this pair

withoutmercy

Market consolidate around resistant, if its suppose to be long term short, it should already fall below support but it is not, so I think it is buy opportunity after I see support holding price

withoutmercy

Price hit 382 retracement, now we can take long term trade toward the high of the main trend

withoutmercy

As shown on the chart , we can see bottom formed and time to buy

withoutmercy Updated 

Great Opportunity to go Long after retracement on Daily chart , H&S on hourly chart

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Market still in correction phase and I still taking the bull side with expectation that the flag should be broken. We have a trade with 1:2 R&R as long as toda'y opening price stay around closing on last friday. This pair move very slow , take a lot of patient to wait for TP hit but the trade is very obvious to me.

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After that failed retest , we can expect some short move

withoutmercy Updated 

While JPY pair usually moving to same direction, I see this pair as one of pair to trade. Reason: 1: Correction phase due to finished (daily chart) 2: Market seems making confirmation after that double bottom formation, new low was not formed and aggressively reversed 3. Market currently above EMA on 1 HR chart When we see double bottom on daily chart, I only...

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The idea of game plan is to provide bias, I found that take a long term perspective and take every possible opportunity given by the pair would be most ideal approach to less stressful trading. For this pair looking at monthly chart, it is moving from bottom and the high target is stil far away. So because I don't trade long term, I break it down and try to see...

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As described on the chart, complex wave but follow the plan so far

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I was short at the important level, managed to get small profit when I saw market did consolidation which is not good sign for short. so my game plan is as shown on the chart. Pending order was working well for EURJPY and CHFJPY where I wanted to BUY but price action was not convincing yet. and I like to use when market do not provide set up as a base on my decision.

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Please look at the monthly chart, I see the last impulse bullish moving literally in straight line and then correction in form of flag, wavy and long correction and once it break the flag, the move seems bullish non stop. While we might get something shorting it, it is presented more danger of being stopped out prematurely, thus I prefer to think bullish on this...

withoutmercy

looking at level on daily and correlation, EURAUD short is my trade of the day

withoutmercy Updated 

Market need to break the flag which is the correction of the bull move.